504 W 12 ST TX 78701
| Owner | CROSS OAK PROPERTIES GP |
|---|---|
| Parcel ID | 0208010512 |
| Short ID | 196754 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 2,822 SF |
| Land SF | 5,794 SF |
| Acres | 0.133 |
| Year Built | 1920 |
| Legal | LOT 4 & .0130 AC OF LOT 2 BLK 151 HARPER W A RESUB |
| Neighborhood | 59CBD |
| Land | $1,738,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,738,200 |
| Improvement | $291,224 |
|---|---|
| Total Improvement | $291,224 |
| Market | $2,029,424 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,029,424 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,029,424 |
| Taxable Value | $2,029,424 |
|---|
Appreciation: Market value has risen +54.2% from $1,316,485 (2021) to $2,029,424 (2025), a CAGR of 11.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide rose +24.1%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $41,532. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 86% of market value ($1,738,200 land vs $291,224 improvements), about $300/SF of land. With value concentrated in the land under a ~106-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $2,029,424, this parcel sits in the upper-middle (50th–75th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +11.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,485,932 by 2030, with an estimated annual tax burden around $61,568. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,822 SF | ✗ |
| 1ST | 1st Floor | 1,988 SF | ✓ |
| 551 | PAVED AREA | 1,400 SF | ✗ |
| RSBLW | Residence Below | 834 SF | ✓ |
| 511 | DECK | 278 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 54 SF | ✗ |
| 612C | TERRACE UNCOVERD COMM | 33 SF | ✗ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $17,347.50 | $17,347.50 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,825.32 | $9,825.32 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,047.09 | $7,047.09 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,212.93 | $2,212.93 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,938.75 | $1,938.75 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $38,371.59 | $38,371.59 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,828,253 | $2,029,424 | -9.9% |
| Assessed Value | $1,828,253 | $2,029,424 | -9.9% |
| Land Value | $1,158,800 | $1,738,200 | -33.3% |
| Improvement Value | $669,453 | $291,224 | +129.9% |
| Taxable Value | $1,828,253 | $2,029,424 | -9.9% |
| Total Tax 2026 = estimate |
~$37,415
Estimated
|
~$38,372
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,009,069 | $1,828,253 | -180,816 (-9.0%) |
| Taxable Value | $2,009,069 | $1,828,253 | -180,816 (-9.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,828,253 | $1,158,800 | $669,453 | — | $1,828,253 | $1,828,253 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,029,424 | $1,738,200 | $291,224 | — | $2,029,424 | $2,029,424 | ~$38,372 | Partial |
| 2024 | $1,902,068 | — | — | −$163,868 | $1,738,200 | $— | $37,695 | Verified |
| 2023 | $1,266,600 | — | — | — | $1,738,200 ! | $— | $34,413 | Verified |
| 2022 | $1,330,039 | — | — | −$460,939 | $869,100 | $— | $25,014 | Verified |
| 2021 | $1,316,485 | — | — | −$447,385 | $869,100 | $— | $28,951 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.0% | -1.0% | ~100% | Not available | Partial |
| 2025 | +6.7% | +6.7% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +50.2% | +50.2% | ~100% | 1.8100% | Verified |
| 2022 | -4.8% | -4.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +52.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.9% | +8.6% | +13.9% | +50.2% | 2024 | -9.9% | 2026 |
| Assessment Ratio | 100.0% | 93.3% | — | 137.2% | 2023 | 65.3% | 2022 |
| Effective Tax Rate (2025) | 1.8900% | 1.8900% | — | 1.8900% | 2025 | 1.8900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$38,372 | $32,889 | ~$52,952 | $38,372 | 2025 | $25,014 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,261,320 | ~$2,232,366 | ~2.0139% | ~$44,958 | +11.4% |
| 2027 | ~$2,519,714 | ~$2,455,603 | ~1.9814% | ~$48,655 | +24.2% |
| 2028 | ~$2,807,634 | ~$2,701,163 | ~1.9488% | ~$52,641 | +38.3% |
| 2029 | ~$3,128,453 | ~$2,971,280 | ~1.9163% | ~$56,938 | +54.2% |
| 2030 | ~$3,485,932 | ~$3,268,408 | ~1.8837% | ~$61,568 | +71.8% |
| 2026 | ~$2,220,731 | ~$2,220,731 | ~2.0465% | ~$45,447 | +9.4% |
| 2027 | ~$2,430,073 | ~$2,430,073 | ~2.0465% | ~$49,731 | +19.7% |
| 2028 | ~$2,659,148 | ~$2,659,148 | ~2.0465% | ~$54,419 | +31.0% |
| 2029 | ~$2,909,818 | ~$2,909,818 | ~2.0465% | ~$59,549 | +43.4% |
| 2030 | ~$3,184,117 | ~$3,184,117 | ~2.0465% | ~$65,162 | +56.9% |
| 2026 | ~$2,301,908 | ~$2,232,366 | ~1.9977% | ~$44,595 | +13.4% |
| 2027 | ~$2,610,978 | ~$2,455,603 | ~1.9488% | ~$47,856 | +28.7% |
| 2028 | ~$2,961,546 | ~$2,701,163 | ~1.9000% | ~$51,323 | +45.9% |
| 2029 | ~$3,359,184 | ~$2,971,280 | ~1.8512% | ~$55,004 | +65.5% |
| 2030 | ~$3,810,211 | ~$3,268,408 | ~1.8024% | ~$58,909 | +87.7% |
In 2025, this property's market value of $2,029,424 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +43% above the county median of $1,417,484. Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $2,029,424 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,902,068 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,266,600 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,330,039 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,316,485 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | base yr |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.